Qube Research & Technologies Ltd acquired a new position in shares of Coupa Software Incorporated (NASDAQ:COUP – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 87,125 shares of the technology company's stock, valued at approximately $8,855,000. Qube Research & Technologies Ltd owned about 0.12% of Coupa Software as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Republic Investment Management Inc. lifted its stake in shares of Coupa Software by 8.0% in the 4th quarter. First Republic Investment Management Inc. now owns 1,560 shares of the technology company's stock valued at $247,000 after purchasing an additional 115 shares during the period. Montag A & Associates Inc. increased its holdings in Coupa Software by 336.8% during the 4th quarter. Montag A & Associates Inc. now owns 166 shares of the technology company's stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. increased its holdings in Coupa Software by 37.5% during the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 550 shares of the technology company's stock worth $87,000 after purchasing an additional 150 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Coupa Software by 4.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,580 shares of the technology company's stock worth $566,000 after purchasing an additional 150 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Coupa Software by 5.3% in the fourth quarter. M&T Bank Corp now owns 3,094 shares of the technology company's stock valued at $489,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 95.45% of the company's stock.
Get Coupa Software alerts:Analyst Ratings Changes
COUP has been the topic of several research analyst reports. Barclays dropped their price objective on Coupa Software from $90.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 7th. DA Davidson started coverage on Coupa Software in a research report on Thursday, May 19th. They issued a "neutral" rating and a $75.00 price objective on the stock. Raymond James increased their target price on Coupa Software from $75.00 to $90.00 in a research note on Tuesday, June 7th. Bank of America reduced their price objective on Coupa Software from $120.00 to $96.00 and set a "buy" rating on the stock in a research note on Tuesday, May 31st. Finally, KeyCorp reduced their price objective on Coupa Software from $100.00 to $75.00 and set an "overweight" rating on the stock in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $99.39.
Insiders Place Their Bets
In other news, insider Mark Riggs sold 2,017 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $111,156.87. Following the sale, the insider now directly owns 3,729 shares in the company, valued at approximately $205,505.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Todd R. Ford sold 1,940 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $106,913.40. Following the transaction, the chief financial officer now directly owns 30,884 shares in the company, valued at approximately $1,702,017.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Riggs sold 2,017 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $55.11, for a total transaction of $111,156.87. Following the transaction, the insider now owns 3,729 shares in the company, valued at $205,505.19. The disclosure for this sale can be found here. Insiders have sold a total of 20,113 shares of company stock worth $1,210,703 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.Coupa Software Trading Up 1.1 %
COUP opened at $76.50 on Monday. The company has a debt-to-equity ratio of 6.42, a quick ratio of 1.81 and a current ratio of 1.81. Coupa Software Incorporated has a fifty-two week low of $50.54 and a fifty-two week high of $270.79. The firm's fifty day moving average is $63.63 and its 200 day moving average is $88.21.
Coupa Software (NASDAQ:COUP – Get Rating) last released its earnings results on Monday, June 6th. The technology company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.57) by ($0.05). The firm had revenue of $196.37 million for the quarter, compared to analysts' expectations of $190.69 million. Coupa Software had a negative net margin of 47.72% and a negative return on equity of 17.87%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.57) EPS. Research analysts forecast that Coupa Software Incorporated will post -2.63 EPS for the current fiscal year.
About Coupa Software
(Get Rating)
Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.
Further Reading
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